Why the Poor Stay Poor

781 WordsSep 20, 20124 Pages
In recent times we have seen the income distribution in many developed nations expand, meaning that the gap between rich and poor has grown. Coupled with this is the resultant degradation of economic and social mobility. This serves to show that they there is a tendency for those that are poor, to remain poor. There are a number of causal factors that seemingly predicate this fate of a poverty cycle. The issues that contribute to this range from the education and wellbeing of the individual, societal influences and values, their spending habits, their living conditions as well as their ability to access funding as a means of fuelling entrepreneurial endeavours. Those that are born into poor families will not have access to the resources…show more content…
Not only does this make it incredibly difficult to break out of poverty but it also goes a long way to shaping the attitudes and values of the poor. The poor will consider the acquisition of credit as something that is impossible and will therefore have no determination to obtain it. These attitudes become engrained in a community and unfortunately goes a long way to shaping the economic outlook of a communities respected constituents. It can be seen that there are a multitude of reasons that the poor tend to remain poor. Reasons ranging from the spending patterns of the poor to the health and nutrition of the poor all attribute to the creation of a poverty cycle that seemingly condemns the poor to being poor. Obviously this isn’t a rule of thumb but rather an accurate observation, it is not to say that the poor can’t become affluent but rather the conditions and environment that surrounds those who are poor severely impedes their ability to earn an income and move over the poverty
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